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first is the question, second is what i have. please correct and help me. i don't think it's correct Similar to Example 4-6 The names
first is the question, second is what i have. please correct and help me. i don't think it's correct
Similar to Example 4-6 The names of the employees of Cox Security Systems and their regular salaries are shown in the following payroll register. Note that Hall and Short are paid monthly on the last payday, while all others are paid weekly amounts to 8% of the annual salary paid to each employee. The bonus is to be paid along with the regular salanes on December 24, but the amount of regular salary during the entire year bonus and the amount of the regular salary will be shown separately on each employee's earnings statement. Assume that all employees received their z Prepare the payroll for the pay period ending December 24, showing the following for each employee Use the wage-bracket method to withhold federal income tax from the regular salaries withhold a flat 25% on the annual bonus. Total salaries and bonuses are subject to a 2% state income tax and a 1% city income tax. . . FOR PERIOD ENDING 20 DEDUCTIONS EMPLOYEE NAME FICA REGULAR ??? Hall, Michael M \ 5 |: 5:00.0.00 Short, Joy TM 2 2750 00 5 2 0 00 Abbott, Linda Smith, Joseph Tols, Sean M M4 6 5 00 3 180 00 Gillespie, Michelle S 1 3 50 00 M 2 Smart, Jennifer White, Matthew J. M S 75 00 425 00 O \ Totals Monthly Compute the employer's FICA taxes for the pay period ending December 24. OASDI Taxes HI Taxes OASDI taxable earnings OASDI taxes HI taxable earnings HI taxesStep by Step Solution
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